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Jonathan Sets Aside N50 Bn For Farm Mechanization - Agriculture - Nairaland

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Jonathan Sets Aside N50 Bn For Farm Mechanization by Nobody: 6:21am On Aug 26, 2014
Launches Agricultural Equipment Hiring Centres


Talatu Usman-10 hours ago

President Goodluck Jonathan has directed the Central Bank of Nigeria, CBN, to set aside a N50 billion mechanization intervention support fund.

The directive was given by Vice President Namadi Sambo while flagging off the 100,000 metric tons grains Silos and the Agricultural Equipment Hiring Centres in Nigeria, on behalf of President Goodluck Jonathan.
According to Mr. Sambo, the money will enable the speedy establishment of the 1,200 private sector driven Agricultural Equipment Hiring Enterprises, AEHE, across Nigerian states.

Mr. Sambo said “as we produce more food, it has become necessary to expand our food storage capacity and reduce post-harvest losses. The development of strategic grains reserve is central to our policy of stabilizing food prices for consumers and assuring guaranteed minimum prices and market access for farmers”.

“That is why I launched the Agricultural Transformation Agenda in 2011, with the goal of producing an additional 20 million metric tons of food by 2015”.

Vice President Sambo said that current records indicate that 21 million metric tons were produced by Nigerian farmers surpassing set target and achieving increased food production in the past three years.

The Vice President said the Federal Ministry of Agriculture and Rural Development has completed a total of six silos with a capacity of 250,000 metric tons, MT, since November 2013 with a further 625,000 MT silos to be completed by December 2014, making a total of 875,000 MT silos capacity completed within two years.

The Vice President said the Agricultural Transformation Agenda is achieving great strides in government’s efforts to turn Nigeria into a self-sufficient country. “Our Growth Enhancement Scheme and the e-wallet system for reaching farmers with fertilizers and improved seeds through the mobile phones, have reached 14 million farmers by 2014”. He expressed delight that Nigeria is the first in Africa to develop the e-wallet system which is now being replicated in several African countries.

Mr. Sambo said the agricultural mechanization program will be driven through a public private partnership involving private sector manufacturers of tractors and agricultural machinery, service provider operators, financial institutions and government”

https://m.premiumtimesng.com/news/167288-jonathan-sets-aside-n50-bn-for-farm-mechanization.html?_e_pi_=7%2CPAGE_ID10%2C9622899636

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Re: Jonathan Sets Aside N50 Bn For Farm Mechanization by Mynd44: 6:34am On Aug 26, 2014
"Directed the CBN to"

When will it be implemented? cos last we heard, the money released for managing ebola never got there

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Re: Jonathan Sets Aside N50 Bn For Farm Mechanization by holyboss(m): 6:36am On Aug 26, 2014
I for no comment if not for first page tinz tongue
Re: Jonathan Sets Aside N50 Bn For Farm Mechanization by owem(f): 6:36am On Aug 26, 2014
Chai

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Re: Jonathan Sets Aside N50 Bn For Farm Mechanization by YoursGEJ(m): 6:36am On Aug 26, 2014
OP talk true for your mind do you really believe this nonsense you posted? What is the mechanism for implementing the plan? All i read was that CBN was asked to set aside money (just like that) that will be used through some public private partnership jargon. The VP who is making the pledge and those listening all know say na rubbish him dey talk. Was this money included in the 2014 budget? In otherwords, does it really exist? Or is it more like President Jonathan sets aside #50 billion to be embezzled? Talk about institutionalized incompetence. And you are rushing to come and post it on NL

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Re: Jonathan Sets Aside N50 Bn For Farm Mechanization by nairaman66(m): 6:37am On Aug 26, 2014
Monies are being released too much in the last quarter of this dispensation oooO! The fear of 2015 is the beginning of wisdom.. grin

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Re: Jonathan Sets Aside N50 Bn For Farm Mechanization by jibbzion(m): 6:37am On Aug 26, 2014
At last! Our agricultural sector is having a look-in by our 'so-called' government.

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Re: Jonathan Sets Aside N50 Bn For Farm Mechanization by egift(m): 6:37am On Aug 26, 2014
President Goodluck Jonathan has directed the Central Bank of Nigeria, CBN, to set aside a N50 billion mechanization intervention support fund.

That is good. But when? All I see is Future tense (there are still many future tense items yet to be attended to). And hope the elites will not corner all the funds.

Anyway nice gesture if not stolen. grin

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Re: Jonathan Sets Aside N50 Bn For Farm Mechanization by bunmioguns(m): 6:37am On Aug 26, 2014
The question is


Will the money be used effectively?


Didn't trust this Jonathan administration




Runs to
https://www.nairaland.com/1852534/mtn-etisalat-data-cheapest-rate

2 Likes

Re: Jonathan Sets Aside N50 Bn For Farm Mechanization by segradino(m): 6:38am On Aug 26, 2014
We seriously hope d money will be well spent

Good news for smart phone users, u can get d best data plan(MTN and Etisalat) for ur internet enabled devices why waste more when u can pay less for as low as N400 for 250mb...check dis out on this thread. www.nairaland.com/1852534/mtn-data-cheapest-rate#25391662
Re: Jonathan Sets Aside N50 Bn For Farm Mechanization by bunmioguns(m): 6:39am On Aug 26, 2014
jibbzion: At last! Our agricultural sector is having a look-in by our 'so-called' government.


See them maga...

1 Like

Re: Jonathan Sets Aside N50 Bn For Farm Mechanization by sammieguze(m): 6:41am On Aug 26, 2014
Ehm....hope it wnt end in private pockets again


who does OBJ comes to my mind sef

1 Like

Re: Jonathan Sets Aside N50 Bn For Farm Mechanization by egift(m): 6:42am On Aug 26, 2014
nairaman66: Monies are being released too much in the last quarter of this dispensation oooO! The fear of 2015 is the beginning of wisdom.. grin

Subtle funds for Election, bribes, lobby, favours, mobilization and campaign grin
Re: Jonathan Sets Aside N50 Bn For Farm Mechanization by YoungDaNaval(m): 6:43am On Aug 26, 2014
GEJ TILL 2023!!!

3 Likes

Re: Jonathan Sets Aside N50 Bn For Farm Mechanization by YoungDaNaval(m): 6:43am On Aug 26, 2014
GEJ TILL 2023!!!!

1 Like

Re: Jonathan Sets Aside N50 Bn For Farm Mechanization by dridowu: 6:44am On Aug 26, 2014
Directed is different from implementation. Let us hope that the money will be released to the rightful farmers not politrickfarmers
Re: Jonathan Sets Aside N50 Bn For Farm Mechanization by Nobody: 6:45am On Aug 26, 2014
Let it not be another elephant project shocked
Re: Jonathan Sets Aside N50 Bn For Farm Mechanization by Bluetooth2: 6:45am On Aug 26, 2014
First it was money for victims of terrorism, followed by $1 billion for procurement of weaponry for military, then billions of naira was raised for ebola victim and finally farm mechanization fund after Sure-p had supported road construction with billions of naira .

If this is money is not meant for his re-election campaign then the president needs to clarify all these extra-budgetary spending.
Re: Jonathan Sets Aside N50 Bn For Farm Mechanization by Nobody: 6:47am On Aug 26, 2014
Chai --------I thought that some companies in Nigeria manufacture agricultural equipments and machineries? Cant we get them at subsidizes rates? We are just reserving money with CBN for 2015 elections. This would not have happened under SLS.
Jona ohhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhh grin
Re: Jonathan Sets Aside N50 Bn For Farm Mechanization by ElekeNtioba: 6:47am On Aug 26, 2014
If not for d devilish antics of some Northerners (together with their sponsored Boko Haram goons) who are bent on distracting, demonizing and disparaging his Administration, I think this 'guy' can actually make sumtin out of dis country.

6 Likes

Re: Jonathan Sets Aside N50 Bn For Farm Mechanization by seuncyber(m): 6:48am On Aug 26, 2014
I can bet and swear on anything the money will not be used for the main purpose.......

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Re: Jonathan Sets Aside N50 Bn For Farm Mechanization by Firefire(m): 6:50am On Aug 26, 2014
U see... movement in the right direction...

4 Likes

Re: Jonathan Sets Aside N50 Bn For Farm Mechanization by cechidodo: 6:50am On Aug 26, 2014
This fund should be made available to ordinary part-time farmers like us with consderable land-holdings and farm hands,farm mechanization will make for an agric boom in our economy...

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Re: Jonathan Sets Aside N50 Bn For Farm Mechanization by Billygee2u: 6:51am On Aug 26, 2014
GEJ is for progress .GEJ,you really mean well for Nigerians.disappiontment is your enemies portion .

5 Likes

Re: Jonathan Sets Aside N50 Bn For Farm Mechanization by joeblack62: 6:51am On Aug 26, 2014
Let's all watch and see if the money will be used efficiently cos i don tired for Nigeria matter. Too many corrupt leaders, By the time the money would get to the agricultural sector, we might have only N5b left. But again, let's watch and see!
Re: Jonathan Sets Aside N50 Bn For Farm Mechanization by Bluewater86: 6:52am On Aug 26, 2014
The money will be abused anyway. As it always is.
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Re: Jonathan Sets Aside N50 Bn For Farm Mechanization by Nobody: 6:59am On Aug 26, 2014
I think the Agricultural sector is one sector the president has gotten it all right.

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Re: Jonathan Sets Aside N50 Bn For Farm Mechanization by Moblord(m): 7:00am On Aug 26, 2014
Say YES to agriculture

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Re: Jonathan Sets Aside N50 Bn For Farm Mechanization by msmon(m): 7:06am On Aug 26, 2014
Space booked!

Now, we are going back to what we are known for "agriculture". I'm not shy to say that GEJ is full of idea but hampered by political crisis here and there.
This should be implement soon and make accessible to everyone.

6 Likes

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